
Cheap Apartments for Rent in the Park Place Neighborhood of Norfolk, VA from $450 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Park Place area of Norfolk.


Total Monthly Price
The Point on 38th Apartments

claremont

Colonial Hall Apartments

121 W 32nd St Apartments

527 W 37th St
The Best Affordable Neighborhoods for Renters in Norfolk, VA: Great Price Meets Quality of Life
Discover Norfolk, VA's best affordable rental neighborhoods like Ghent & Downtown. Enjoy a low cost of living, top schools, vibrant arts, and waterfront views while renting.

Chenman Lofts

Peanut Factory Flats

B+G Place

Tidewater Square

The Brightleaf Building

First Colony Flats
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

The Depot

Village Pointe Apartments

710-722 E 29th St

Camden Court

The Broadmoor

Fairview Apartments
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

3910 Bowden's Ferry Rd
Park Place, Norfolk, VA Local Guide

How much does it cost to rent an apartment in Park Place?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Park Place Studio Apartments | $1,759 | $1,733 | $1,785 |
| Park Place 1 Bedroom Apartments | $1,845 | $1,250 | $2,094 |
| Park Place 2 Bedroom Apartments | $1,735 | $1,200 | $2,402 |
| Park Place 3 Bedroom Apartments | $3,074 | $1,500 | $4,649 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Park Place Neighborhood of Norfolk, VA.
See all Apartments in NorfolkExplore Norfolk
Park Place, Norfolk, VA Local Guide
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Cheapest Available Park Place Apartments for Rent
 The cheapest available apartment rental in the Park Place area of Norfolk, VA is a 2 Beds unit found at 201 W 34th Street priced from $1,099. First Colony Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,689. Here are the most affordable Park Place apartments for rent in Norfolk, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 201 W 34th Street | 2BR/1.0BA | 2BR,1BA | $1,099 |
| First Colony Flats | First Colony Flats Unit 119 | 1BR,1BA | $1,689 |
| 201 Twenty One | B05 | 2BR,2BA | $2,309 |
| The Point on 38th Apartments | The Bowline | 2BR,2BA | $2,402 |
Best Value Apartments for Rent in Park Place, VA
As of August 26, 2026 the best value apartment in the Park Place area is the $1.91 price per square foot B05 Model at 201 Twenty One in the in the South Brambleton neighborhood starting from $2,309. The second greatest value Park Place apartment is the 708 W 36th St Model at 708 W 36th St, Unit 1 starting at $1,400 with a $1.40 price per square foot in the Edgewater neighborhood. Here is today’s list of the best values for Park Place apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 201 Twenty One | B05 | 2BR,2BA | $1.91 |
| 708 W 36th St, Unit 1 | 708 W 36th St | 2BR,1BA | $1.40 |
| The Point on 38th Apartments | The Bowline | 2BR,2BA | $2.60 |
| 308 31st W St, Unit F | 308 31st W St | 2BR,1BA | $1.75 |
| 201 W 34th Street | 2BR/1.0BA | 2BR,1BA | $1.47 |
| First Colony Flats | First Colony Flats Unit 119 | 1BR,1BA | $2.34 |
Beyond the Dorms: Finding the Best Off-Campus Living in Norfolk
Find your perfect Norfolk apartment! This comprehensive guide details the best student neighborhoods (like Ghent, Chelsea, and Highland Park), top restaurants, and entertainment near NSU, ODU, and EVMS.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestylePark Place, Norfolk, VA
Ranked #133
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Frequently Asked Questions about Cheap Park Place Apartments
What is the lowest price for a Cheap Two Bedroom Park Place Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Park Place is starting from $1,099 at 201 W 34th Street.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

Beyond the Dorms: Finding the Best Off-Campus Living in Norfolk
Written by: James W. Vickers
Positioned at the southeastern corner of Virginia, Norfolk is a sprawling area with close ties to Virginia Beach to the east and Newport News across the Hampton Roads Bridge Tunnels to the north.

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.